Boyle Sutton manufactures a specialty precision scale. For January, the company expects to sell 700 scales at an average price of $2,390 per unit. The average manufacturing cost of each unit sold is $1,460. Variable operating expenses or the company will be $1.60 per unit sold and xed operating expenses are expected to be $7 900 or the month Monthly interest expense is $3.700. The company has a tax rate of 20% of income before taxes. Prepare Boyle Sutton's budgeted income statement for January. Boyle Sutton Budgoted Income Statement For the Month Ended January 31 Sales Less: Cost of goods sold Gross profit Less: Operating expenses Variable portion Fixed portion Operating income Less: Interest expense Less: Income tax expense Net income